A certain beverage company provides a complete line of beer,wine, and soft drink products for distribution through retailoutlets in central Iowa. Unit price data for 2011 and 2014 andquantities sold in cases for 2011 follow. Use 2011 as the baseperiod.
| Unit Price ($) |
|---|
| Item | 2011 Quantity
(cases) | 2011 | 2014 |
|---|
| Beer | 40,000 | 18.50 | 20.15 |
| Wine | 5,000 | 100.00 | 116.00 |
| Soft drink | 50,000 | 8.00 | 8.80 |
Compute the price relatives for this company's products. (Roundyour answers to two decimal places.)
| Item | Price Relative |
|---|
| Beer | ? |
| Wine | ? |
| Soft drink | ? |
Use a weighted average of price relatives to show that thismethod provides the same index as the weighted aggregate method.(Round your answers to the nearest integer.)
weighted average of price relatives index=_______.
weighted aggregate price index=________.
